#Food Extrusion forecast

[ananya5400]

The Food Extrusion Market is projected to reach USD 99.7 billion by 2026, recording a CAGR of 6.4% during the forecast period. It is estimated to be valued at USD 73.1 billion in 2021.

[prajwal-agale001]

Silicone Elastomers Market Analysis: Key Drivers and Challenges Ahead

Meticulous Research®, a recognized global leader in market research, has published a detailed report titled “Silicone Elastomers Market by Type (Liquid Silicone Rubber (LSR), High-temperature Vulcanize (HTV)), Process (Extrusion, Molding), End-use Industry (Automotive, Healthcare, Electrical & Electronics, Construction), and Geography - Global Forecast to 2031.” This report provides an in-depth analysis of the silicone elastomers market, highlighting its projected growth, market dynamics, and competitive landscape.

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Market Projections and Growth Drivers

The silicone elastomers market is projected to reach a substantial $15.1 billion by 2031, expanding at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. This growth is largely attributed to the increasing utilization of silicone elastomers in various industries, including medical devices, automotive applications, and the electrical and electronics sectors. The material's adaptability, durability, and performance under extreme conditions are significant factors fueling its demand.

However, the market faces challenges due to environmental concerns and sustainability issues, which have become prominent in developed countries. Additionally, fluctuations in raw material prices present a challenge to manufacturers, affecting production costs and pricing strategies.

Opportunities in the Silicone Elastomers Market

Despite these challenges, the silicone elastomers market offers numerous growth opportunities. The integration of silicone elastomers with Internet of Things (IoT) devices is emerging as a trend, providing enhanced functionality and connectivity. Furthermore, the automotive industry's increasing demand for lightweight, durable materials presents an opportunity for silicone elastomer manufacturers to innovate and expand their product offerings.

Market Segmentation

The silicone elastomers market is segmented by type, process, end-use industry, and geography:

Type Segmentation

Room-Temperature Vulcanize (RTV)

Liquid Silicone Rubber (LSR)

High-Temperature Vulcanize (HTV)

In 2024, the high-temperature vulcanize (HTV) segment is expected to dominate the market, accounting for over 52% of total market share. This can be attributed to advancements in manufacturing technologies and the rising demand for HTV in industries such as automotive, aerospace, healthcare, and electronics, where products are often subjected to high temperatures. HTV is commonly used in the production of gaskets, seals, and critical components, reinforcing its importance in safety and efficiency standards.

Conversely, the liquid silicone rubber (LSR) segment is projected to witness the highest CAGR during the forecast period. This growth is fueled by innovations in material science and the increasing demand for biocompatible materials, particularly in the healthcare sector. In March 2021, The Dow Chemical Company launched a low-density LSR product designed for a variety of applications, including food dosing valves and dispensers, demonstrating the segment's potential for expansion.

Process Segmentation

The market is also segmented by process, including:

Extrusion Process

Molding Process (including injection molding, transfer molding, and compression molding)

Calendering Process

Other Processes

The molding process segment is anticipated to command the largest share of the market, exceeding 45% in 2024. This dominance is driven by the rising demand for LSR injection molding, which facilitates the creation of complex parts efficiently. Innovations in molding technology and advancements in material science contribute to this segment's continued growth, as manufacturers seek to enhance mass production capabilities.

End-Use Industry Segmentation

The silicone elastomers market is categorized into several end-use industries:

Automotive

Aviation & Aerospace

Consumer Goods

Electrical & Electronics

Healthcare

Energy

Industrial Machinery

Construction

In 2024, the electrical and electronics segment is projected to hold the largest market share, surpassing 35%. The increasing reliance on silicone elastomers for various electronic components, including power supplies and circuit boards, supports this growth. The demand for reliable and high-performance electronic devices is driving manufacturers to integrate silicone elastomers for protection against environmental factors and physical stresses.

On the other hand, the healthcare segment is poised to record the highest CAGR during the forecast period. The rising need for biocompatible materials in medical devices, drug delivery systems, and implants underscores the segment's importance. For instance, DuPont de Nemours, Inc. recently launched Liveo Silicone Elastomer Blends to cater to the growing consumer demand for products addressing skin conditions, illustrating the segment's potential for innovation.

Geographic Segmentation

The market is analyzed across several regions, including:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

In 2024, Asia-Pacific is expected to dominate the silicone elastomers market, accounting for over 53% of the total share. The region's rapid economic development, particularly in countries like China and India, is driving demand across various industries. The growth of the healthcare sector and increasing government investments in infrastructure projects contribute to the rising adoption of silicone elastomers in construction and industrial applications.

Notably, China has become a significant manufacturing hub for silicone elastomers. In September 2023, Wacker Chemie AG announced an expansion of its specialty silicone manufacturing capabilities in China, further solidifying the country's position in the global market. The Asia-Pacific region is also projected to exhibit the highest CAGR of above 9% during the forecast period.

Key Players in the Silicone Elastomers Market

The silicone elastomers market features a competitive landscape with several key players, including:

Momentive Performance Materials, Inc. (U.S.)

China National Bluestar (Group) Co., Ltd. (China)

The Dow Chemical Company (U.S.)

Shin-Etsu Chemical Co., Ltd. (Japan)

Wacker Chemie AG (Germany)

DuPont de Nemours, Inc. (U.S.)

Specialty Silicone Products, Inc. (U.S.)

Reiss Manufacturing, Inc. (U.S.)

MESGO S.p.A. (Italy)

Rogers Corporation (U.S.)

Stockwell Elastomerics, Inc. (U.S.)

Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China)

Marsh Bellofram Group of Companies (U.S.)

Cabot Corporation (U.S.)

CHT Germany GmbH (Germany)

These companies are actively innovating and expanding their product offerings to meet the evolving demands of various industries. Strategic partnerships, acquisitions, and technological advancements are essential strategies employed by these key players to maintain a competitive edge in the silicone elastomers market.

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Conclusion

The silicone elastomers market is on an upward trajectory, driven by technological advancements, increasing demand across multiple industries, and the integration of silicone elastomers in innovative applications. Despite challenges such as environmental concerns and raw material price fluctuations, the growth opportunities present a promising landscape for stakeholders. As the market evolves, continuous innovation and strategic investments will be crucial for maintaining momentum and capitalizing on emerging trends.

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[trendingrepots]

Biopolymers Market - Forecast(2024 - 2030)

Biopolymers Market Overview

The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024-2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage 

The "Biopolymers Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market. 

By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.

By Molding Process: Extrusion, Injection, Melt compounding and Others.

By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others. 

By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others 

By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]

Key Takeaways

• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.

• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.

• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth. 

• However, the high cost of the Biopolymers is expected to create a retrain for the market growth during the projected forecast period.

  Biopolymers Market Segment Analysis – by Application 

The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024-2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth. 

Biopolymers Market Segment Analysis – by End-use Industry 

The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry's growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025-2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years. 

Biopolymers Market Segment Analysis – by Geography 

Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.

[ankitab]

3D Food Printing Market to Be Worth $11.3 Billion by 2030

According to a recent report by Meticulous Research®, the 3D food printing market is expected to grow to $11.3 billion by 2030, registering a CAGR of 50.2% from 2023 to 2030. This rapid expansion is driven by the growing demand for gourmet foods, the adoption of 3D printing technology for producing plant-based meat alternatives, and efforts to minimize food waste.

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However, the market faces challenges such as extended processing times required to 3D print food and the limitations in flavor and texture compared to traditional food production methods. Nonetheless, the increasing adoption of 3D food printing technology in the food and hospitality sectors, alongside ongoing research to develop innovative printing models, presents promising growth opportunities. Key challenges in the market include ingredient processing limitations and consumers' preference for traditionally manufactured foods.

The 3D food printing market is categorized by offering, printing method, technology, ingredient form, and end user. The analysis also covers competitive dynamics and provides regional and country-level market insights.

Market Segmentation:

By Offering: The market is segmented into machines & accessories, software, and services. In 2023, the machines & accessories segment is anticipated to hold the largest market share due to its broad application in personalized nutrition, automated cooking, and food waste reduction. This segment is also expected to experience the highest CAGR during the forecast period.

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By Printing Method: The market is divided into layer-by-layer and mold-based printing methods. The layer-by-layer segment is expected to dominate in 2023, owing to its versatility in creating complex shapes and accommodating specific ingredient preferences. It is also projected to witness the highest CAGR during the forecast period.

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By Printing Technology: The technologies include extrusion, powder binding deposition, inkjet printing, and bio-printing. The extrusion technology is further categorized into soft-materials, melting, and hydrogel-forming extrusions, while powder binding deposition is sub-divided into selective laser sintering, liquid binding, and selective hot air sintering and melting. The extrusion segment is expected to lead the market share in 2023, due to its capability to replicate conventional food extrusion processes while allowing for digital customization. However, powder binding deposition is forecasted to grow at the fastest rate over the coming years.

By Ingredient Form: The market is segmented into pastes & purees, powdered ingredients, and cells. Pastes & purees are further broken down into categories such as dough, puree, jelly & frosting, mashed fruits & vegetables, and cheese. Powdered ingredients are divided into sugar, chocolate powder, protein powder, flour, and others. The pastes & purees segment is set to account for the largest market share in 2023, driven by their structural properties and ease of use in 3D food printing. Meanwhile, powdered ingredients are anticipated to grow at the highest CAGR

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By End User: End users include restaurants, large-scale catering, bakeries & confectioneries, and others. The restaurants category is further split into QSR/fast food, casual dining, cafes, and fine dining/gourmet restaurants. In 2023, bakeries & confectioneries are expected to hold the largest market share due to increasing demand for customized meals and luxury dining experiences, alongside rising consumption of plant-based meat. The restaurants segment is expected to grow at the highest CAGR during the forecast period.

By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to lead in market share in 2023, driven by technological advancements, rising awareness of 3D-printed foods, and growing demand for plant-based meat alternatives.

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Key Players

Notable companies in the 3D food printing market include 3D Systems Corporation (U.S.), TNO (Netherlands), Natural Machines (Spain), Wiiboox (China), byFlow B.V. (Netherlands), Dovetailed (U.K.), PancakeBot (U.S.), BeeHex, LLC (U.S.), Print4Taste GmbH (Germany), and Changxing Shiyin Technology Co., Ltd. (China).

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The plastic tubes market is projected to grow from USD 1013.8 million in 2024 to USD 1509.29 million by 2032, at a compound annual growth rate (CAGR) of 5.10%.The global plastic tubes market has seen consistent growth over the past few years, driven by a wide range of applications across industries such as packaging, construction, healthcare, and personal care. As the demand for lightweight, durable, and cost-effective packaging solutions continues to rise, plastic tubes have emerged as a preferred choice for both manufacturers and consumers. This article delves into the current state of the plastic tubes market, exploring key trends, growth drivers, challenges, and future prospects.

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Market Overview

Plastic tubes are cylindrical containers typically made from materials like polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). These tubes are widely used for packaging creams, gels, and pastes in industries such as cosmetics, pharmaceuticals, and food & beverages. The global plastic tubes market has grown significantly due to its versatility, lightweight nature, and ease of customization, which allows for diverse applications.

Key Growth Drivers

1. Rising Demand in Personal Care and Cosmetics Industry: The personal care and cosmetics industry is one of the primary drivers of the plastic tubes market. With increasing consumer preference for convenient, travel-friendly packaging, plastic tubes have become the go-to solution for products like lotions, shampoos, and facial creams. The growing global awareness of skincare and grooming products has further fueled the demand for plastic tubes.

2. Growth in the Pharmaceutical Sector: The pharmaceutical industry relies heavily on plastic tubes for packaging topical medications, ointments, and gels. The demand for such products has surged in recent years due to the rising incidence of skin-related disorders and the growing geriatric population. Plastic tubes offer a hygienic, tamper-evident packaging option that meets stringent regulatory requirements, making them an ideal choice for pharmaceutical applications.

3. Advancements in Plastic Tube Manufacturing: Technological advancements in plastic tube manufacturing have significantly contributed to market growth. Innovations such as multi-layer tubes, co-extrusion processes, and improved barrier properties have enhanced the functionality and appeal of plastic tubes. These advancements enable manufacturers to offer tubes with better protection against light, moisture, and oxygen, thereby extending the shelf life of the packaged products.

4. Sustainability Initiatives: The increasing focus on sustainability has prompted manufacturers to develop eco-friendly plastic tubes. Recyclable and biodegradable plastic materials, along with the use of post-consumer recycled (PCR) content, are becoming more prevalent in the market. Consumers and brands alike are demanding sustainable packaging solutions, driving the adoption of greener alternatives within the plastic tubes market.

Market Challenges

Despite the positive growth trajectory, the plastic tubes market faces several challenges. One of the major concerns is the environmental impact of plastic waste. The proliferation of single-use plastics has led to growing concerns about pollution and waste management. Governments and regulatory bodies worldwide are imposing stricter regulations on plastic usage, which could impact the market.

Additionally, the volatility in raw material prices poses a challenge to manufacturers. The cost of polymers, which are the primary raw materials used in plastic tube production, is subject to fluctuations due to factors such as crude oil prices and supply chain disruptions. These price variations can affect profit margins and overall market growth.

Regional Insights

The plastic tubes market is geographically diverse, with significant contributions from North America, Europe, Asia-Pacific, and other regions. Asia-Pacific is the largest and fastest-growing market, driven by the expanding middle-class population, urbanization, and increasing consumer spending on personal care and pharmaceutical products. China and India, in particular, are key contributors to the growth of the plastic tubes market in this region.

In North America and Europe, the market is more mature, with a strong focus on sustainability and innovation. The demand for premium packaging and high-quality personal care products is driving the adoption of advanced plastic tube solutions in these regions.

Future Outlook

The future of the plastic tubes market looks promising, with continued growth expected across various industries. The emphasis on sustainability is likely to shape the market, leading to increased adoption of eco-friendly materials and manufacturing processes. Technological advancements will further enhance the functionality and appeal of plastic tubes, making them indispensable in the packaging industry.

However, addressing environmental concerns and navigating regulatory challenges will be crucial for market players. Companies that invest in sustainable practices, innovation, and effective waste management strategies are likely to thrive in the evolving plastic tubes market.

Key Player Analysis

EPL Limited

Albea S.A.

Berry Global Inc.

CCL Industries Inc.

LINHARDT GmbH & Co. KG

Huhtamäki Oyj

Hoffmann Neopac AG

Pirlo Holding GmbH

CTL-TH Packaging SL

Tubapack A.S.

Antilla Propack Inc.

Alltub SAS

NEUUV Pack (M) Sdn Bhd

Auber Packaging Co., Ltd

Premier Plus Co., Ltd.

ALPLA Group

Andpak Inc.

Ets Bugnon

Apackaging Group LLC

Plastube Inc

Segments:

Based on Material:

Polyethylene

Polypropylene

Polyamide

Ethyl vinyl alcohol polymer

Polyester

Other materials

Based on Capacity:

Less than 50 ml

50 to 100 ml

100 to 150 ml

Above 150 ml

Based on Closure Type:

Stand-up caps

Nozzle caps

Fez caps

Flip top caps

Other caps

Based on Application:

Dental

Cosmetic

Pharmaceutical

Food

Commercial and processing

Other applications

Based on the Geography:

North America

U.S

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

The Rest of the Middle East and Africa

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[tamanna31]

Medical Plastics: Industry Dynamics, Major Companies Analysis and Forecast- 2030

Medical Plastics Industry Overview

The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

In the U.S., the frequent increment in costs and reduced margins have severely impacted healthcare providers and health plans. This compelled the government to ensure a significant transformation of healthcare funding and insurance coverage segments in the country through the introduction of ACA and Medicaid.

The COVID-19 pandemic has made in-home care more appealing than nursing home facilities as home care reduces healthcare costs and is more convenient for patients. According to Medicaid and CHIP Payment and Access Commission (MACPAC), it costs about USD 26,000 a year for home care compared to USD 90,000 a year for a nursing home. Increasing investment in healthcare by the government and rising preference for home care are expected to drive the medical plastics market in the U.S. over the forecast period.

The presence of key manufacturers such as Dow, Inc., Eastman Chemical Co., and DuPont can be regarded as one of the major factors driving the market for medical plastics in the country.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global wood pallets market size was estimated to be USD 13.12 billion in 2023, growing at a CAGR of 4.5% from 2024 to 2030.

• The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030.

Global Medical Plastic Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medical plastic market report based on product, application, and region.

Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

Polyethylene (PE)

Polypropylene (PP)

Polycarbonate (PC)

Liquid Crystal Polymer (LCP)

Polyphenylsulfone (PPSU)

Polyethersulfone (PES)

Polyethylenimine (PEI)

Polymethyl Methacrylate (PMMA)

Others

Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Extrusion

Injection Molding

Blow Molding

Other

Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

Medical Device Packaging

Medical Components

Orthopedic Implant Packaging

Orthopedic Soft Goods

Wound Care

Cleanroom Supplies

BioPharm Devices

Mobility Aids

Sterilization and Infection Prevention

Tooth Implants

Denture Base Material

Other Implants

Others

Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Netherland

Asia Pacific

China

India

Japan

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

Key Medical Plastics Company Insights

Some key market players include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; and Eastman Chemical Company.

Key Medical Plastics Companies:

The following are the leading companies in the medical plastics market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these medical plastics companies are analyzed to map the supply network.

Röchling SE & Co. KG

Nolato AB

Saint-Gobain

SABIC

Orthoplastics Ltd

Eastman Chemical Company

Celanese Corporation

Dow, Inc.

Tekni-Plex, Inc.

Solvay S.A.

HMC Polymers Company Limited

ARAN BIOMEDICAL TEORANTA

Trelleborg Group

Avantor, Inc.

Trinseo

Evonik Industries AG

Recent Developments

Some key players operating in market include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; Eastman Chemical Company among others.

In February 2023, Cleanse Corporation announced the acquisition of DUPONT's mobility and mobility business for USD 11.00 billion. This strategic move enables Cleanse to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

In June 2023, SABIC acquired Clariant's 50% stake in Scientific Design, a renowned catalysis leader. This acquisition bolstered the non-cyclical, technology-driven business and brought it closer to becoming a leading global specialist

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[futuristicpaintercat]

Low-Density Polyethylene Market is Estimated to Witness High Growth Owing to Growing Packaging Industry

Low-density polyethylene (LDPE) is a thermoplastic made from petroleum and natural gas. It is known for being flexible, translucent and with a low melting point. LDPE can be easily processed by techniques such as blown film extrusion, injection molding and rotomolding. It is majorly used in manufacturing of plastic bags, cling films, shrink films, garbage bags and more. The increasing demand for flexible packaging from food & beverages, personal care and homecare industries is propelling the growth of LDPE market. The Global Low-Density Polyethylene Market is estimated to be valued at US$ 49.82 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Low-Density Polyethylene market are Lyondell Basell Industries N.V, Exxon Mobil Corporation, The Dow Chemical Company, Saudi Basic Industries Corporation, BASF-YPC Company limited, Qatar Petrochemical Company Q.S.C, LG Chemical Ltd, E.I Du Pont De Nemours and company, Braskem S.A, and Formosa Plastic Corporation. The key opportunities in the market include rising demand from developing nations and growing demand for lightweight and sustainable packaging solutions. The manufacturers are investing in capacity expansion projects to cater to the rising demands. Globally, Asia Pacific dominates the LDPE market and the trend is expected to continue owing to the growing packaging, construction and agriculture industries in the region. North America and Europe are also anticipated to offer lucrative opportunities for market growth over the forecast period. Market Drivers The growing packaging industry remains the key driver for Low Density Polyethylene Market Demand. Increased consumption of packed foods as well as e-commerce boom has augmented the need for flexible and lightweight packaging materials like LDPE films and bags. Additionally, favorable properties of LDPE such as flexibility, durability, chemical resistance and low cost make it a preferred choice for various applications.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[supriyab]

Factors Driving the Textured Vegetable Protein Market

The global textured vegetable protein market is estimated at USD 1.7 billion in 2024 and is projected to reach USD 2.3 billion by 2029, at a CAGR of 6.8% during the forecast period. The textured vegetable protein market is gaining momentum with the trend of shifting consumer preference towards health and green food. With growing awareness about the health benefits associated with plant-based diets, so has the demand for textured vegetable proteins obtained from sources such as soy, wheat, and peas. These proteins are highly versatile ingredients applied in huge quantities in meat alternatives, snacks, cereals, and other food applications. Advanced extrusion techniques and precision fermentation in food technology are used to enhance the texture, taste, and general nutritional value of TVP to make it more palatable for a wider population. Moreover, clean label trends and the development of allergen-free formulations are also fueling product innovation to align with shifting dietary preferences. North America is already dominating this market, backed by the well-established food processing industry and enhanced interest from consumers in plant-based protein. However, regions like Asia Pacific are fast emerging in importance as growth markets because of rising disposable incomes and increasing urbanization. Overall, the textured vegetable protein market has wide scope to grow since this market is in line with global trends moving toward sustainable and healthy nutrition.

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In the nature segment, the organic segment is expected to grow at the highest rate during the forecast period in the textured vegetable protein market.

This surge in demand can be related to consumers shifting toward more organic and natural foods that are perceived as healthier and more environmentally friendly. Organic textured vegetable protein contains absolutely no synthetic pesticides, herbicides, or genetically modified organisms, showing the trend developing in relation to food production transparency and sustainability. The organic certifications, moreover, provide consumers with an assurance of the product's conformance to strict organic standards, thereby improving its demand. With enhanced health and environmental awareness across the world, the market for organic textured vegetable protein is likely to grow as customers become more inclined towards high-end health products in foodstuffs.

In the source segment, the pea segment is expected to grow at the highest rate in the textured vegetable protein market.

The pea-based textured vegetable protein will grow at the highest rate in the source segment of the textured vegetable protein market. This is because peas contain a high amount of protein and corresponding nutritional value, making them more attractive to health-conscious customers shifting towards plant-based products. Pea protein is more friendly to allergens, gluten-free, and sustainable, hence able to fit into many diets and environmental considerations. The innovation of food processing technology has improved the texture and flavor of pea-based TVPs, increasing their use in many foods. As knowledge about the health benefits and sustainability of pea protein surges among consumers, the market share of pea protein is expected to grow manifold in the textured vegetable protein segment.

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The European region holds a significant market share in the textured vegetable protein market.

With health, environmental, and ethical concerns, European consumers have been rapidly moving to plant-based diets and are therefore boosting demand for meat alternatives like textured vegetable proteins. The European regulations in terms of promoting sustainability and safety in food add to this momentum. In addition, the wide variety of textured vegetable protein products available across supermarkets, specialty stores, and food service also helps toward better market penetration and consumer acceptance.

Key players in this market include ADM (US), Roquette Frères (France), Ingredion (US), DSM (Netherlands), The Scoular Company (US), Beneo (Germany), International Flavors & Fragrances, Inc. (US), Cargill, Incorporated (US), MGP (US), PURIS (US), Shandong Yuxin Bio-Tech Co., Ltd. (China), Gushen Biological Technology Group, Co., Ltd. (China), Axiom Foods, Inc. (US), Foodchem International Corporation (China), and Dacsa Group (Spain).

[creativeera]

Aluminum Extrusion Market is Estimated to Witness Strong Growth Owing to Increasing Construction Spending

Aluminum extrusion refers to the process of shaping aluminum alloy into a continuous profile or cross-section by forcing it through a die under hydraulic pressure. Aluminum extrusions are used in various applications ranging from residential construction to transportation due to its ability to have complex geometries, high strength-to-weight ratio and resistance to corrosion. In the construction sector, aluminum extrusions are widely used in building facades, windows and doors owing to their lightweight and durability.

The global aluminum extrusion market is estimated to be valued at US$ 5.57 Bn in 2024 and is expected to exhibit a CAGR of 18.% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the aluminum extrusion market include Corbion, Minerals Technologies Inc., Compass Minerals International Inc., Albion Laboratories, Inc., Paul Lohmann GmbH KG, K+S Aktiengesellschaft, Gadot Biochemical Industries Ltd., Arla Foods amba, DuPont, Jungbunzlauer Suisse AG, SEPPIC, and Koninklijke DSM N.V. The Aluminum Extrusion Market Demand is expected to witness lucrative opportunities in the residential and commercial construction sectors driven by rapid urbanization and increasing construction spending globally. Replacement of conventional materials with lightweight aluminum extrusions in the transportation industry will further support the market growth. The global expansion of key players through strategic mergers and acquisitions along with capacity expansions will help advance extrusion technologies and drive geographic expansion into emerging economies in Asia Pacific and Middle East & Africa. Market Drivers The increasing spending on infrastructure development and public construction projects is one of the key drivers propelling the growth of the aluminum extrusion market. Aluminum extrusions are widely replacing conventional construction materials owing to robust material properties and lower lifecycle costs. According to the US Census Bureau, the total construction spending in the US increased by over 7% between 2019 to 2021 indicating rising demand from the construction sector.

PEST Analysis Political: Government policies and regulations on Aluminum Extrusion Companies industry and import/export duties will impact the market. Changes in environmental standards will also affect market. Economic: The aluminum extrusion market is dependent on macroeconomic factors like GDP growth, inflation rates, and growth of end-use industries. Rise in construction and automotive sectors will boost demand. Social: Increasing population and urbanization leading to more housing and infrastructure development is supporting market growth. Consumer preference for lightweight materials in transportation is another factor. Technological: Advancements in extrusion technology allow for complex aluminum shapes and alloys to be extruded and help reduce manufacturing costs. Automation, additive manufacturing and robotics usage are improving production efficiency. Geographical Regions with Concentration in Terms of Value North America currently holds the largest share in the global aluminum extrusion market in terms of value, owing to high demand from the automotive as well as the construction sector. The Asia Pacific region is also a major regional market and is expected to grow at the fastest rate during the forecast period. Fastest Growing Region The Asia Pacific region is projected to be the fastest growing regional market for aluminum extrusion during the forecast period. Factors such as rapid industrialization and urbanization, increasing construction activities and improving economic conditions are driving the growth of the aluminum extrusion market in the Asia Pacific region. Growing automotive production and sales especially in China and India will also support the demand for extruded aluminum components in this region.

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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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[pranalip]

Industrial Hoses Market  Demand And Forecast 2024-2033 | Global Insight Services

“Global Insight Services company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Industrial hoses are used in a wide range of industrial applications, from air and water hoses to food and chemical hoses. There are different types of industrial hoses for different applications, and each type has its own advantages and disadvantages.

To Know More@ https://www.globalinsightservices.com/reports/industrial-hoses-market/

Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

The most common type of industrial hose is the air hose. Air hoses are used to transport air from one location to another, and they are available in a variety of sizes and lengths. Air hoses are typically made of rubber or PVC, and they are often reinforced with a steel or nylon mesh.

Another common type of industrial hose is the water hose. Water hoses are used to transport water from one location to another, and they are available in a variety of sizes and lengths. Water hoses are typically made of rubber or PVC, and they are often reinforced with a steel or nylon mesh.

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Key Trends

Some key trends in industrial hoses technology are:

1. The use of synthetic materials such as polymers and composites.

2. The development of new hose designs that are lighter and more flexible.

3. The use of new manufacturing techniques such as extrusion and injection molding.

4. The development of new hose materials that are resistant to chemicals and temperature extremes.

Key Drivers

The industrial hoses market is driven by the need for the safe and efficient transfer of materials in various industries. The key drivers for the market are the growing demand from the food and beverage industry, the pharmaceutical industry, and the oil and gas industry. The food and beverage industry is the largest end-user of industrial hoses, followed by the pharmaceutical industry. The oil and gas industry is the fastest growing end-user of industrial hoses.

The main drivers for the industrial hoses market are the growing demand from the food and beverage industry, the pharmaceutical industry, and the oil and gas industry. The food and beverage industry is the largest end-user of industrial hoses, followed by the pharmaceutical industry. The oil and gas industry is the fastest growing end-user of industrial hoses.

The food and beverage industry is driven by the need to transfer liquids and dry goods safely and efficiently. The pharmaceutical industry is driven by the need to transfer hazardous materials safely. The oil and gas industry is driven by the need to transfer crude oil and natural gas safely.

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Restraints & Challenges

The key restraints and challenges in the Industrial Hoses market are the high cost of raw materials and the need for specialized skills to manufacture the hoses. The raw materials used to manufacture industrial hoses are often very expensive, and the manufacturing process can be complex and time-consuming.

As a result, the overall cost of industrial hoses can be quite high, which can limit their use in some applications. Additionally, the specialized skills required to manufacture industrial hoses can make them difficult to produce in large quantities. As a result, the industrial hoses market is often quite fragmented, with a large number of small manufacturers competing for business.

Market Segmentation

By Material

Natural Rubber

Nitrile Rubber

Polyurethane

PVC

Others

By Media Type

Water

Oil

Hot Water and Steam

Air and Gas

By Industry

Automotive

Chemicals

Pharmaceuticals

Infrastructure

Others

Key Players

Colex International Ltd.

Eaton Corporation PLC

Flexaust Inc.

Gates Corporation

Kanaflex Corporation

Kuriyama Holdings Corporation

NORRES Schlauchtechnik GmbH

Parker-Hannifin Corporation

RYCO Hydraulics Pty Ltd

Transfer Oil S.p.A.

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

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[spookysaladchaos]

Pet Food Extruders, Global Top 14 Players, Market Share and Ranking (2023)

Pet Food Extruders Market Summary

Pet Food Extruders are machines that are used to produce animal feed in the form of kibble or nuggets. These machines work by combining various ingredients, such as animal protein, grains, and vegetables, and then using heat and pressure to process and shape the mixture into bite-sized pieces. The extrusion process provides a uniform texture, shape, and density to the pet food, making it easier to digest and increasing its shelf life. Pet food extruders are widely used in the pet food industry to produce high-quality and nutritious food for dogs, cats, and other pets.

The main role of the pet food extruder is to cook and pasteurize pet food and feed in a very short time. Pet food processing technology forces the ingredients to mix via a helical screw and then through the die of the extruder. During the extrusion process, ingredients are ground, mixed and heat-treated. The result is a strip-shaped product (extrudate) which is subsequently dried.

According to the new market research report "China Pet Food Extruders Market Report 2024-2030", published by QYResearch, the china Pet Food Extruders market size is projected to reach USD 149 million by 2030, at a CAGR of 5.9% during the forecast period.

Figure.   China Pet Food Extruders Market Size (US$ Million), 2019-2030

Figure.   China Pet Food Extruders Top 14 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

According to QYResearch Top Players Research Center, the China key manufacturers of Pet Food Extruders include Shandong Arrow Machinery, Coperion, Bühler, Baker Perkins (Schenck Process), IDAH, Brabender GmbH, Wenger, ANDRITZ, FAMSUN, Shandong Saina Machinery Technology, etc. In 2023, the china top 10 players had a share approximately 68.0% in terms of revenue.

Figure.   Pet Food Extruders, China Market Size, Split by Product Segment

In terms of product type, currently Twin Screw is the largest segment, hold a share of 75.0%.

Figure.   Pet Food Extruders, China Market Size, Split by Application Segment

In terms of product application, currently Dry Pet Food is the largest segment, hold a share of 61.3%.

Trend:

Increasing Demand for Premium Pet Food：Now people's requirements for pet food are more high-end and personalized, and they are more interested in functional pet food with additional health benefits. The demand for premium pet food containing premium and nutrient-dense ingredients is increasing.

Technological Advancements：Continuously increasing R&D investments and advancements in pet food extrusion technology. Advances in extrusion technology enable the production of pet food with optimal texture, nutritional content and flavor. Advances in technology have made pet food extruders more efficient, reliable and cost-effective. Automation and the use of artificial intelligence (AI) are also increasing in the pet food manufacturing process.

Sustainability：As people become more aware of environmental issues, pet owners are also starting to pay attention to sustainable and eco-friendly products. Pet food extruder manufacturers now offer eco-friendly materials and packaging for pet food.

About The Authors

Jiashi Dong

Lead Author

Email: dongjiashi@qyresearch.com

QYResearch Nanning Branch Analyst, as a member of the QYResearch Semiconductor Equipment and Materials Department, his main research areas include automotive electronics, semiconductor equipment, materials and thermally conductive powders. Some subdivided research topics include automotive diodes, automotive inductors, automotive lidar, radio frequency power supplies, plastic sealing machines, high-purity non-ferrous metals, battery materials, precursors, electroplating equipment, thermal conductive ball aluminum, semiconductor chemical plating solutions, semiconductor coating devices, etc. At the same time, he is also engaged in the development of market segment reports and participates in the writing of customized projects.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[industryinsightsandanalysis]

PET Bottle Market Size, Share, Growth & Forecast

The global PET bottle market is likely to showcase a growth of around 5% during the forecast period. Increasing demand for packaged food & beverage owing to changing lifestyles coupled with a high recycling rate and improving per capita income are some of the key factors that are driving the market for PET bottles.

After showing robust growth over the years, the global beverage industry is witnessing moderate growth. However, the same is not the case with the beverage packaging industry owing to frequent changes in packaging type which helps in the traction of consumers. However, one thing is still quite common in the changing beverage packaging i.e., the use of PET bottles. Ranging from packaged water to carbonated soft drinks and fruit juice to energy drinks, PET bottles are widely preferred packaging among companies due to its food & beverage-supporting properties.

Moreover, increasing focus on the circular economy among companies in order to comply with government rules & regulations, recycled packaging is among the top circular economy initiatives among many companies. PET is 100% recyclable and is nearly infinitely recyclable and because it can be made into new products, this lowers the need for fresh PET to be made, further reducing emissions. Its high recyclability also makes it less likely to end up in landfill and around 58% of PET bottles are recycled in Europe.

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Based on the technology, the market is categorized into injection blow molding, extrusion blow molding, and others. In the food & beverage industry, companies are commonly preferred injection blow molding as they are able to produce large volumes of quality bottles quickly and accurately thereby helping the companies to maintain operation efficiency and meet the growing demand.

Based on application, the market is categorized into bottled water, carbonated drink, dilutable, fruit juice, sports & energy drinks, still & juice drinks, and others. Of all, the fruit juice category is likely to showcase significant growth in the future timeframe. This could be ascribed to the increasing demand for healthy food & beverage over conventional on-the-go drinks like carbonated drinks among a significant population.

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For a better understanding of the market adoption of PET Bottle, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region holds a prominent market share and is expected to showcase significant growth over the forecast period. The rising food & beverage industry in the regional economies in order to mitigate the growing demand is one of the key factors for the growth of the PET bottle market in the region. Moreover, westernization culture in regional economies like India is increasing the demand for packaged food & beverage, thereby fueling the market growth for PET bottles.

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